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Global Wood Company is planning to purchase a new manufacturing machine for wood products. With the trade-in of an old machine that has a salvage

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Global Wood Company is planning to purchase a new manufacturing machine for wood products. With the trade-in of an old machine that has a salvage value of $25,000, the new machine costs $80,000. The company plans to use the new machine for 5 years and then sell it at the price of $40,000. During the years that this machine is in production, it is expected to generate annual gross revenue of $55,000. The annual expenses required is $10,000. This machine qualifies for GDS depreciation and the company's effective income tax rate is 40%. The company's after-tax MARR is 10%. You are tasked to evaluate this project. Please identify the after-tax cash flow in year 5

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